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1 Penny - Elizabeth II 3rd portrait, magnetic
| Issuer | Royal Mint |
|---|---|
| Year | 1992-1997 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Weight | 3.56 g |
| Diameter | Log in to see details |
| Thickness | Log in to see details |
| Shape | Log in to see details |
| Technique | Log in to see details |
| Orientation | Log in to see details |
| Engraver(s) | Log in to see details |
| In circulation to | Log in to see details |
| Reference(s) | Log in to see details |
| Obverse description | Log in to see details |
|---|---|
| Obverse script | Log in to see details |
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse script | Log in to see details |
| Reverse lettering | Log in to see details |
| Edge | Plain |
| Mint | Log in to see details |
| Mintage | 1992 - Reverse varieties (see comments) - 253,867,000 1993 - BU - 56,945 1993 - Proof - 66,080 1993 - Reverse varieties (see comments) - 602,590,000 1994 - BU - 177,971 1994 - Proof - 66,720 1994 - Reverse varieties (see comments) - 843,834,000 1995 - - 303,314,000 1995 - BU - 105,647 1995 - Proof - 60,639 1996 - - 723,840,000 1996 - BU - 86,501 1996 - Proof - 67,581 1997 - - 396,874,000 1997 - BU - 109,557 1997 - Proof - 80,748 |
| Additional information |
The switch to copper-plated steel for the penny was driven entirely by economics — rising copper prices had pushed the intrinsic metal value of the bronze penny uncomfortably close to its face value. The Royal Mint made the transition in 1992, running both bronze and steel planchets simultaneously that year, which is why 1992 pennies exist in both compositions. A magnet is the quickest way to distinguish them.